SKECHERS U.S.A. INC. - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 39.70 USD
My targets
42.45 USD (+4.94%)
46.16 USD (+14.11%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SKECHERS U.S.A. INC. as long as the price remains well above 39.70 USD. The buyers” bullish objective is set at 42.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 46.16 USD. If there is any crossing, the next objective would be the resistance located at 53.43 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SKECHERS U.S.A. INC. price is 40.45 USD. The price registered a decrease of -0.25% on the session and was between 40.22 USD and 41.21 USD. This implies that the price is at +0.57% from its lowest and at -1.84% from its highest.40.22
41.21
40.45
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SKECHERS U.S.A. INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34.09 | 35.28 | 39.70 | 40.45 | 41.00 | 42.45 | 53.43 |
| Change (%) | -15.72% | -12.78% | -1.85% | - | +1.36% | +4.94% | +32.09% |
| Change | -6.36 | -5.17 | -0.75 | - | +0.55 | +2.00 | +12.98 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.99 | 39.30 | 39.93 | 40.24 | 40.87 | 41.18 | 41.81 |
| Camarilla | 40.29 | 40.38 | 40.46 | 40.55 | 40.64 | 40.72 | 40.81 |
| Woodie | 39.14 | 39.38 | 40.08 | 40.32 | 41.02 | 41.26 | 41.96 |
| Fibonacci | 39.30 | 39.66 | 39.88 | 40.24 | 40.60 | 40.82 | 41.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.06 | 37.30 | 38.52 | 39.76 | 40.98 | 42.22 | 43.44 |
| Camarilla | 39.06 | 39.29 | 39.51 | 39.74 | 39.97 | 40.19 | 40.42 |
| Woodie | 36.05 | 37.30 | 38.51 | 39.76 | 40.97 | 42.22 | 43.43 |
| Fibonacci | 37.30 | 38.24 | 38.82 | 39.76 | 40.70 | 41.28 | 42.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.65 | 35.39 | 37.82 | 39.56 | 41.99 | 43.73 | 46.16 |
| Camarilla | 39.09 | 39.48 | 39.86 | 40.24 | 40.62 | 41.01 | 41.39 |
| Woodie | 33.99 | 35.56 | 38.16 | 39.73 | 42.33 | 43.90 | 46.50 |
| Fibonacci | 35.39 | 36.99 | 37.97 | 39.56 | 41.16 | 42.14 | 43.73 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.02 | |
| MACD (12,26,9): | 0.4800 | |
| Directional Movement: | 7.96 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 40.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.54 | |
| Elder Ray (13): | 0.61 | |
| Super Trend (3,10): | 38.35 | |
| Zig ZAG (10): | 40.45 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 62.57 | |
| TEMA (21): | 40.38 | |
| Williams %R (14): | -29.52 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 0.33 |
| MA7: | 40.01 | |
| MA20: | 40.14 | |
| MA50: | 38.52 | |
| MA100: | 36.50 | |
| MAexp7: | 40.22 | |
| MAexp20: | 39.90 | |
| MAexp50: | 38.62 | |
| MAexp100: | 36.83 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +5.01% | |
| Price / MA100: | +10.82% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.38% | |
| Price / MAexp50: | +4.74% | |
| Price / MAexp100: | +9.83% |
News
The latest news and videos published on SKECHERS U.S.A. INC. at the time of the analysis were as follows:
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Skechers U.S.A., Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
- Skechers Performance™ Elite Runner Edward Cheserek Wins at Carlsbad 5000, Tying World-Record Time
- Skechers Surpasses 3,000-Store Milestone Worldwide
- Skechers India to Become Wholly-Owned Subsidiary of Skechers Footwear
- LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Skechers U.S.A., Inc. To Contact The Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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